They met halfway. Pretty common for that sort of thing to happen in this situation. Take something rather than sit out legal action.

This is what happened last time Joey had two years left on a contract which was broken:

Eddy Groves ordered to pay ex-Bullets coach Joey Wright $236,000 in damages

Mark Oberhardt, Courier Mail

June 1, 2011 11:28am

FORMER Brisbane Bullets owner Eddie Groves has been ordered to pay the club's former coach more than $236,000 in damages.

Earlier this year in the Supreme Court civil trial in Brisbane, Mr Wright sued Mr Groves for first breach of contract.

Mr Wright alleged after his sacking in March 2008, he lost earnings and other entitlements such as bonus payments, and car leases for the remaining two years of his contract.

There would be (or should be) a clause in there about early termination based on success/failure. Devil is in the fine print.

I would be surprised if his contract wasn't written with KPIs in them. Here's your minimum salary, here's $X bonus for making the finals, here's $Y bonus for making the GF, here's $Z bonus for a Championship. Then, the contract term is X years, either party has the right to exit if (these conditions) aren't met, cost of exit is X for the club, Y for the coach

I think it's already sorted.

Once the season end I'm betting we will see mutually agreed departure, Joey probably gets paid 1 of his 2 years or something like that.

36ers make him an offer and they all try and negotiate to a fair settlement for both parties.

If a fair settlement can't be agree they Sack Joey and they end up in Meditation or court which generally isn't ideal.

You might find if Joey can't get another NBL head coaching gig by the start of the next season he might receive a further payment as well.

The above has become common with coaches in NRL/AFL if sacked mid contract...stating they'll tale a hair cut on the total payout initially but will get a second payment in the event they cannot obtain another full time coaching gig by X date

I can't see that being a 'move' for 36ers.

He's contracted - to a term contract. TBH i have no clue how NZ did the whole thing.

The 'NZ way' is when someone has a permanent position and instead of having to go through the procedures to remove someone (ie. warnings, finding they are breaching their contract), they make their position non-existent.

I don't see how pulling that would absolve 36ers obligations to Joey. Nevertheless, in a redundancy you're likely to pay out a year or so.

I would fully imagine it's as simple as if the 36ers want Joey gone, 36ers will lose some money out of it, Joey would leave some on the table as has been suggested already. Pretty standard stuff.

People get sacked mid contract all the time!

They get paid out and we all move on!

Herp Derp Behaviour by Ownership #2018

New coaches will usually want to pick their "own" team,
does anyone know which 36er players have guaranteed contracts for next year?
are players who are under contract but no longer required usually negotiated out for 1/2 pay?

Owner: Do you want Randle in your team?
Candidate: Not really
Owner: Soz ur not our guy

^ I forsee this as the critical criteria for coach